Citigroup Inc. Buys 35,380 Shares of Jacobs Solutions Inc. $J

Citigroup Inc. lifted its position in Jacobs Solutions Inc. (NYSE:J) by 34.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 138,833 shares of the company’s stock after purchasing an additional 35,380 shares during the period. Citigroup Inc. owned about 0.12% of Jacobs Solutions worth $20,806,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Atlantic Union Bankshares Corp boosted its holdings in shares of Jacobs Solutions by 409.3% during the second quarter. Atlantic Union Bankshares Corp now owns 12,514 shares of the company’s stock worth $1,645,000 after purchasing an additional 10,057 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Jacobs Solutions by 2.2% during the third quarter. Envestnet Asset Management Inc. now owns 328,201 shares of the company’s stock valued at $49,184,000 after buying an additional 7,072 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Jacobs Solutions by 18.5% during the second quarter. Russell Investments Group Ltd. now owns 79,244 shares of the company’s stock valued at $10,403,000 after acquiring an additional 12,363 shares in the last quarter. Whalen Wealth Management Inc. purchased a new stake in Jacobs Solutions in the second quarter worth $250,000. Finally, Ninety One UK Ltd increased its position in Jacobs Solutions by 20.4% during the 3rd quarter. Ninety One UK Ltd now owns 3,069,636 shares of the company’s stock valued at $460,016,000 after purchasing an additional 520,417 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Trading Up 4.8%

NYSE:J opened at $139.83 on Friday. The stock has a market cap of $16.42 billion, a price-to-earnings ratio of 38.31, a PEG ratio of 1.38 and a beta of 0.80. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.72. The company’s 50 day moving average price is $137.74 and its 200-day moving average price is $144.31. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $168.44.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.01. Jacobs Solutions had a return on equity of 20.59% and a net margin of 3.49%.The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the prior year, the firm posted $1.33 EPS. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 EPS. On average, equities research analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, February 20th. This represents a $1.44 annualized dividend and a yield of 1.0%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.32. Jacobs Solutions’s dividend payout ratio (DPR) is currently 39.45%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada cut their target price on shares of Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating on the stock in a research note on Friday, November 21st. Truist Financial dropped their price target on Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating on the stock in a research report on Friday, November 21st. Robert W. Baird downgraded Jacobs Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Zacks Research upgraded shares of Jacobs Solutions from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Finally, Citigroup lowered their price target on shares of Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, November 21st. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $156.60.

Jacobs Solutions Profile

Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.